Hafnia (NYSE:HAFN) Sees Large Volume Increase – What’s Next?

Hafnia Limited (NYSE:HAFN) saw an uptick in trading volume on Tuesday . 387,263 shares traded hands during trading, a decline of 37% from the previous session’s volume of 616,606 shares.The stock last traded at $5.52 and had previously closed at $5.39.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered their price objective on Hafnia from $9.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

Hafnia Price Performance

The company has a quick ratio of 1.33, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.88 billion and a price-to-earnings ratio of 3.61. The stock’s 50 day moving average price is $6.61 and its two-hundred day moving average price is $7.49.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Friday, August 23rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $417.36 million during the quarter, compared to the consensus estimate of $387.14 million. Hafnia had a net margin of 47.30% and a return on equity of 34.28%. Analysts anticipate that Hafnia Limited will post 1.44 EPS for the current fiscal year.

Hafnia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.4049 per share. This is a boost from Hafnia’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.62 annualized dividend and a dividend yield of 28.54%. Hafnia’s payout ratio is currently 103.19%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Mondrian Investment Partners LTD acquired a new stake in shares of Hafnia in the second quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Hafnia in the second quarter valued at approximately $60,000. Prudential PLC acquired a new stake in shares of Hafnia in the second quarter valued at approximately $100,000. Infrastructure Capital Advisors LLC acquired a new stake in shares of Hafnia in the third quarter valued at approximately $119,000. Finally, Quantinno Capital Management LP acquired a new position in Hafnia during the third quarter worth $128,000.

About Hafnia

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.